Brief by Shorts91 Newsdesk / 09:03am on 14 Aug 2025,Thursday International
US Treasury Secretary Scott Bessent has warned of increased secondary tariffs on India if Friday’s Trump-Putin peace talks in Alaska fail. Washington has already imposed a 50% tariff on Indian imports, citing purchases of Russian oil and weapons, making India the most heavily taxed US trading partner in Asia. Delhi defends buying cheap Russian crude to shield millions from rising costs. The US seeks European support for sanctions on Moscow while urging India to lower duties on agriculture and dairy imports. Experts warn the tariffs could slash India’s growth by 0.5% and hit key exports like textiles and jewellery. (PC: BBC)
